Cryptocurrency Worth $170 Million Missing From Italian Exchange

BitGrail says it lost about 17 million tokens of Nano

An Italian cryptocurrency exchange called BitGrail said on Friday that it lost about 17 million tokens of a cryptocurrency called Nano, with a market value of about $170 million.

In a note on its website, the exchange said “internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by BitGrail.” It didn’t indicate exactly when the hack occurred.